Dear Resident,
May was another strong month
for sales and prices in West Auckland.
No of Sales
|
Average
days to sell
|
Median
selling price
| |
May
|
410
|
29
|
$
720,104.00
|
I expect house prices to continue to rise for at least the
rest of this year and most likely next year too.
Why? Looking first of all at
New Zealand, we have a strong economy, low unemployment , low inflation,
falling interest rates, high net migration and for Auckland especially an
ongoing shortage of houses.
For the rest of the world,
USA the worlds largest economy is showing good signs of growth, China while
slowing somewhat is still strongly growing.
Europe (except for Greece– a
minor economy in the scheme of things) is showing signs of growth being led by
Germany and the U.K. Watch out for India– the next “dragon” as a rapid growing
large economy.
Capital Gains May
2010 - 2015 - Median Prices
Titirangi 37.3%
West Harbour 32.9%
Hobsonville 35.0%
Do
you want to know the value of your property? Its probably worth more than you
think. Contact me for a free no obligation value update.
Best
wishes,
John
Goodrum
Licensee
Agent REAA 2008
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